My guest this week is my father, Jim O’Shaughnessy. He was a pioneer in quantitative equity research, part of an early group of explorers who combed through data to find factors which predicted future stock returns. While we’ve both written extensively on factor investing, we chose to mostly avoid that topic for this conversation. Instead, we discuss what has been a fascinating and colorful career on Wall Street. We talk about the power of premeditation, formative books, and his crazy experience during the dot-com boom when he ran a robo-advisor 15-years ahead of its time.

Jim O'Shaughnessy
Foxy_ / Pixabay
Jim O’Shaughnessy

 

Books Referenced

Invest Like the Best: Using Your Computer to Unlock the Secrets of the Top Money Managers/Book and Idks

What works on Wall Street

Dao De Jing: The Book of the Way

Adventures of a Bystander

Surely You’re Joking, Mr. Feynman!

Zen and the Art of Motorcycle Maintenance: An Inquiry Into Values

The Complete Poems and Plays: 1909-1950 (T.S. Eliot)

Cloud Atlas

The Misbehavior of Markets: A Fractal View of Financial Turbulence

When Breath Becomes Air

The Wealthy Barber: Everyone’s Common-Sense Guide to Becoming Financially Independent

The Snowball: Warren Buffett and the Business of Life

How to Win Friends and Influence People

Show Notes

 

13:03 – Invest Like the Best: Using Your Computer to Unlock the Secrets of the Top Money Managers/Book and Idks

13:29 – What works on Wall Street

 

17:49 – Factors are not Commodities (Chris Meredith)

 

20:32 – Dao De Jing: The Book of the Way

21:07 – Adventures of a Bystander

21:46 – Surely You’re Joking, Mr. Feynman!

22:24 – Zen and the Art of Motorcycle Maintenance: An Inquiry Into Values

23:06 – The Complete Poems and Plays: 1909-1950 (T.S. Eliot)

23:31 – Cloud Atlas

23:52 – The Misbehavior of Markets: A Fractal View of Financial Turbulence

24:33 – When Breath Becomes Air

 

26:08 – The Wealthy Barber: Everyone’s Common-Sense Guide to Becoming Financially Independent

 

31:45 – Burning Up (Barron’s)

 

37:10 – Pogo

38:17 – Fired Managers Outperform Hired Managers (Josh Brown)

 

45:24 – The Snowball: Warren Buffett and the Business of Life

 

58:14 – How to Win Friends and Influence People

 

Article by The Investors Field Guide